Get the latest insights on price movement and trends analysis of Dried Meat Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Dried Meat Powder Price Trends for the First Half of 2023
Dried Meat Powder’s market directly aligns with its feedstock meat market. During the said period, an incline was observed in the Dried Meat Powder industry. Beef prices surged because of the supply constraints. It takes around 18- 22 months for a calf to get to market weight, and heavy drought in many cattle-supplying regions led to a decrease in their numbers, and the livestock was sold in haste to not let the losses grow further.
The meat packing companies were already struggling since the pandemic to restart the plants as the laid-off workers got into other occupations, so the supplies were constricted because of that also.
And though the chicken prices were stable at the beginning, excessive heat strokes in the second quarter prevented the hatching and again created supply curtailments in the chicken market. So, overall, the Dried Meat Powder prices wavered at the higher end of the price curve.
According to Procurement Resource, because of the long incubation time involved with livestock, the price situation doesn’t appear to be changing in the immediate future, so similar behavior is expected in the price trends of Dried Meat Powder.
Dried Meat Powder Price Trends for Second Half of 2022
The production of dried meat products witnessed a significant decline, especially in the European and North American regions as the region was distressed due to the frequent droughts and increasing costs of production. The dry season in the area reduced the grass and maize feed for herds and in addition to this the energy prices soared, and farmers also faced the inclining energy and fertilizers prices.
In the Texas region, the loss of herds was approximately 3% as compared to 2020 levels, majorly attributed to the rough weather conditions, lack of pastures, and weak market conditions. Hence, due to this disbalance in supply and demand, the meat prices increased causing the price trends for dried meat powder to incline.
However, the poultry meat industry increased by approximately 28.9% in the last quarter of 2022 to a new all-time high. The supply of meat and its based products was weak amid the high demand from the consumer sector. The disruptions in the supply chain were due to the ripple effects of the ongoing Russia-Ukraine crisis and bird flu outbreak.
According to Procurement Resource, the prices of dried meat powder are expected to increase in the upcoming quarter. The producers are still suffering from low production levels and disruptions in supply chains while the demand from consumers is soaring globally.
Dried Meat Powder Price Trends For the First Half of 2022
According to the FAO Food Price Index, which measures the monthly change in international prices of a basket of food commodities, the meat prices inclined steeply during the first half of the said year. The meat index went from 112.1 in January to 125.9 in June 2022. Russia and Ukraine are the key players in the world commodity market; sanctions against Russia and supply shortages from Ukraine created a massive void in the global market.
The high feed and food prices decreased food affordability, impacting the food and nutrition security of the population. Corn is the top ingredient in the food used to feed cattle, and fluctuations in corn feed impacted bovine meat prices.
The biggest price hikes were in pork and beef meat, around 14% and 20%, respectively. These high meat prices directly impacted the price trends of dried meat powder, causing the prices to inflate globally. The high dried meat powder prices are a direct result of constrained supplies due to trade restrictions, labour shortages, and inflated costs of freight, feed, and grains amid a robust consumer demand.
Procurement Resource provides latest prices of Dried meat powder. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Dried meat powder is generally cooked and dried meat, which is homogenised. Using a spray, roller, or freeze dryer, they are dried. Soups, pies, and salads frequently use dried meat powders. They work great in a rich, beef fondue. They are frequently used to flavour pet food, prepared foods, sauces, and chips made with meat. It contains essential animal proteins, which vegetarian substitutes frequently lack.
For instance, the chicken powder is an excellent source of vitamins and proteins that vegetarian options find difficult to match. They can take on different forms, including those of beef, veal, lamb, duck, turkey, or even bacon. They are used extensively in processed foods because they have a significantly longer shelf life than fresh meat. They come in granules or fine powder form.
|Product Name||Dried Meat Powder|
|Supplier Database||Givaudan, Nikken Foods, Essentia Protein Solutions, IDF, Haco Holding AG|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The first involved grounding of lean meat using a meat grinding machine or sausage device. After that, the pulped fibre is mixed with the extractives that had been removed from it earlier and dried. Pulverised fibre ions and other insoluble materials are then separated from soluble material droplets. Mixing of these components takes place in order to form a liquid homogenous blend which is then spray dried.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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